What is the social cost of carbon?



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    Usually, when people talk about the social costs of carbon, they are referring to the areas of the world that will be the first victims of climate change, yet were never really large carbon contributors. The island of Tuvalu is one example. This island has a minuscule carbon footprint compared to the industrialized nations. Yet, global warming is pushing sea levels so high that the entire island is in danger of becoming completely submerged.

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